Global Speciality Surgical Wound Care Product Market Share Is Likely To Reach At A CAGR Value Of Around 5.7% By 2028

18-Oct-2022 | Facts and Factors

According to Facts and Factors, the global specialty surgical wound care market size was worth USD 4,392.5 million in 2021 and is estimated to grow to USD 6,125.8 million by 2028, with a compound annual growth rate (CAGR) of approximately 5.7% over the forecast period. The report analyzes the specialty surgical wound care market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the specialty surgical wound care market.

Innovative devices called surgical specialty wound care solutions have been developed to benefit patients with wound-related conditions such as ulcers and diabetes. Diabetes patients frequently develop diabetic foot ulcers, which can be treated using specialty surgical wound care treatments. For instance, diabetic foot ulcers may afflict more than 25% of people with diabetes and may necessitate foot amputation in 20% of patients. As a result, it is anticipated that more diabetic patients will use specialty surgical wound care products. These goods aid in retaining moisture and enable both internal and exterior wounds to heal quickly. Additionally, these medications aid in removing necrotic tissues, which is useful when treating surgical site infections. Since healthcare professionals prefer specialty surgical wound care products, the market is expected to rise rapidly over the forecast period.

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Browse the full “Speciality Surgical Wound Care Product Market Size, Share, Growth Analysis Report By Type (Surgical Sealants, Surgical Glues, Absorbable Hemostats, Adhesion Prevention Products, Other) By Application (Stop Wound Bleeding, Alleviate Wound Pain, Heal Wound), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/speciality-surgical-wound-care-product-market

A rise in ambulatory surgical centers (ASCs) is anticipated to fuel the global specialty surgical wound care market. ASCs provide a range of treatments, including surgical treatment, diagnostic tests, and wellness checks. Ambulatory surgical facilities perform gastrointestinal (G.I.) systems, urology, orthopedics, restorative, reconstructive, or alternative plastic surgery. Additionally, as they become more prevalent, ASCs provide affordable services. For instance, advancing surgical care estimated that there would be 6,023 ASCs in the United States as of March 2021. As a result, the specialty surgical wound care market is anticipated to grow during the forecast period as ASC numbers rise. Other factors that contribute to the market's expansion include awareness programs for advanced wound care treatment & management, initiatives to shorten hospital stays to reduce healthcare costs, and a rise in consumer preference for wound care products that improve therapeutic outcomes. However, the high cost of specialty surgical wound care products impedes market expansion.

The global specialty surgical wound care market is divided into categories based on product type, application, and region. The market is divided into surgical sealants, surgical glues, absorbable hemostats, adhesion prevention products, and other products based on the product type. The absorbable hemostats segment dominated the market in 2021. The market is segmented by application: stopping wound bleeding, alleviating pain, and healing the wound. The stopping wound bleeding segment dominated the market in 2021.

The global specialty surgical wound care market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America dominated the specialty surgical wound care market in 2021, accounting for 45.4% of total revenue, and is predicted to increase rapidly over the forecast period. The region's market is expanding due to the enormous population base and growing patient pool in nations like the U.S. Additionally, because older people are more likely to sustain wounds, there will be a surge in the need for items that promote wound healing and care areas. For instance, according to the Administration for Community Living's report on aging and health, there were 54.1 million people 65 and older in 2019, or 16% of the population. The demand for specialty surgical wound care products in North America is also anticipated to increase due to the rising traffic accidents and the accessibility of competent professionals in this area.

Report Scope

Report Attribute

Details

Market Size in 2021

USD 4,392.5 Million

Projected Market Size in 2028

USD 6,125.8 Million

CAGR Growth Rate

5.7% CAGR

Base Year

2021

Forecast Years

2022-2028

Key Market Players

Medtronic, Acelity, Davol (Bard), Aspen Surgica (Hill-Rom), CSL Behring, CryoLife, Baxter, MEDLINE, DUKAL, Henry Schein, and others.

Key Segment

By Type, Application, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa

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Key players in the global specialty surgical wound care market include Medtronic, Acelity, Davol (Bard), Aspen Surgica (Hill-Rom), CSL Behring, CryoLife, Baxter, MEDLINE, DUKAL, Henry Schein, among others.

Recent developments:

  • March 2020: The PICO 14 Single-use NPWT System (NPWT) and dressing were introduced by Smith & Nephew plc (U.K.) in the U.S.
  • June 2019: Zuellig Pharma (Singapore) and Mölnlycke Health Care AB (Sweden) teamed up to use their combined extensive knowledge to increase the accessibility of wound care products and solutions in the area.

Global Speciality Surgical Wound Care Products Market is segmented as follows:

By Type

  • Surgical Sealants
  • Surgical Glues
  • Absorbable Hemostats
  • Adhesion Prevention Products
  • Other

By Application

  • Stop Wound Bleeding
  • Alleviate Wound Pain
  • Heal Wound

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

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